For the quarter ending 2026-03-31, HUM had $751M increase in cash & cash equivalents over the period. $1,133M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 1,184 | -776 | 194 | 543 |
| Loss on sale of business | - | -4 | -63 | - |
| Losses (gains) on investment securities, net | -1 | -116 | 53 | 11 |
| Equity in net losses | -16 | -14 | -26 | -19 |
| Stock-based compensation | 51 | 48 | 83 | 61 |
| Depreciation | 183 | 186 | 191 | 196 |
| Amortization | 11 | 8 | 13 | 15 |
| Impairment of property and equipment | 2 | 14 | 0 | 5 |
| Impairment of indefinite-lived intangible assets | - | 96 | 0 | 32 |
| Deferred income taxes | - | 75 | - | - |
| Receivables | 1,914 | 586 | -1,816 | 45 |
| Other assets | 1,390 | 799 | 716 | -28 |
| Benefits payable | 2,724 | -121 | -971 | -391 |
| Other liabilities | 452 | 5 | 307 | 817 |
| Unearned revenues | -87 | 91 | -9 | 9 |
| Other, net | 21 | -27 | 27 | -7 |
| Net cash provided by operating activities | 1,254 | -1,652 | 971 | 1,271 |
| Proceeds from sale of business, net | - | 0 | 115 | - |
| Cash paid for acquired businesses, net of cash acquired | 911 | 76 | 4 | 1 |
| Purchases of property and equipment, net | 121 | 202 | 135 | 114 |
| Purchases of investment securities | 2,894 | 1,242 | 3,257 | 1,114 |
| Proceeds from maturities of investment securities | 923 | 764 | 531 | 728 |
| Proceeds from sales of investment securities | 395 | 1,444 | 3,823 | 721 |
| Proceeds from sale of property and equipment | - | 23 | - | - |
| Other | - | 0 | - | - |
| Changes in securities lending collateral receivable | -55 | 79 | 93 | -127 |
| Net cash (used in) provided by investing activities | -2,553 | 632 | 980 | 347 |
| Receipts (payments) from contract deposits, net | -673 | -88 | 585 | 544 |
| Proceeds from issuance of senior notes, net | - | 0 | 0 | 0 |
| Proceeds from issuance of notes, net | 990 | - | - | - |
| Repayment of senior notes | - | 177 | 0 | 771 |
| Repayments of notes | 10 | - | - | - |
| Proceeds (repayments) from issuance of commercial paper, net | 693 | 0 | 0 | -1 |
| Proceeds from short-term borrowings | - | 0 | - | - |
| Repayment of short-term borrowings | - | 0 | - | - |
| Repayment of term loan | - | 0 | - | - |
| Debt issue costs | 0 | 0 | 0 | 2 |
| Change in book overdraft | -9 | -2 | 10 | -72 |
| Common stock repurchases | 107 | 42 | 0 | 100 |
| Dividends paid | 107 | 109 | 107 | 106 |
| Changes in securities lending payable | -55 | 79 | 93 | -127 |
| Changes in rebate factor payable | 0 | 0 | 0 | -55 |
| Other | -18 | -5 | -14 | -50 |
| Net cash provided by financing activities | 2,050 | -168 | -603 | -1,828 |
| Increase in cash and cash equivalents | 751 | -1,188 | 1,348 | -210 |
| Cash and cash equivalents at beginning of period | 4,200 | 5,388 | 4,040 | 4,250 |
| Cash and cash equivalents at end of period | 4,951 | 4,200 | 5,388 | 4,040 |
HUMANA INC (HUM)
HUMANA INC (HUM)